MEN ENTERPRISE LOAN

Individual men aged above 35 years – 75 years who want to venture into a business or are already in a business.

Group Application Requirements

  • National IDs for all members
  • Group constitution 
  • Cross-guarantorship 
  • Business profile for existing enterprises/business plans for start-ups 
  • Bank statement for existing business  
  • Identification letter from Village Head or local leader in an urban location 
  • Sketch Map to meeting place and residence of leadership (Chairman, Secretary and Treasury)

individual Application Requirements

  • National IDs
  • Sketch Map of residence and business premises   residence 
  • Business profile for existing enterprises/business plans for start-ups
  • Bank statement for existing business
  • Letter of personal guarantor   
  • Passport Size Photo (Colour) 
  • Police clearance report  
  • Identification letter from Village Head or local leader in an urban location
  • Consent from spouse

THRESHOLD

  • GROUP: K500,000 to K30,000,000
 	•1st Time borrower K500,000 to K10,000,000
        •2nd Time borrower K10,000,001 to K20,000,000
        •3rd Time borrower K20,000,001 to K30,000,000

TARIFFS AND INTERESTS 

    •  Processing fee: 3.5%
    • Insurance:1%
    • Interest: 4.0% pm

REPAYMENT PERIOD 

  • 6 to 24 months
Minimum Grace period of 1 month may be granted